Notable 52-Week Highs and Lows of the Day 05/15: (DKS) (DF) (CL) High; (CHK) (MUX) (PCX) Low
This report is an intraday check of some of the more notable stocks that have hit a 52-week high or low so far today.
52-Week High:
52-Week High:
- Dick's Sporting Goods Inc. (NYSE: DKS) high of $51.65. Dick's getting to a new high as first-quarter numbers came in ahead of views. Earnings were 45 cents per share on revenue of $1.3 billion, compared with consensus views calling for EPS of 38 cents on revs of $1.23 billion.
Looking ahead, Dick's boosted fiscal 2012 EPS expectations from a range of $2.38 to $2.41 up to a new range of $2.45 to $2.48. The Street was expecting $2.43.
- Dean Foods Co. (NYSE: DF) high of $14.88. Dean Foods has been firm since issuing a first-quarter EPS beat on May 9th. Shares might also be reaction as David Tepper's and Leon Cooperman's hedge funds have both backed down stakes in the dairy giant.
- Colgate-Palmolive (NYSE: CL) high of $101.82. Colgate-Palmolive moving higher as Argus upgraded shares from Hold to Buy. The stock moved 2.8 percent on the session to the new mark.
- Chesapeake Energy Corp. (NYSE: CHK) low of $14.31. Chesapeake may be seeking a larger loan to the tune of $4 billion. The amount would be 33 percent higher than its original request for $3 billion.
In addition to the chatter, S&P cut its credit rating on Chesapeake from BB to BB-, with outlook Negative.
- McEwen Mining Inc. (NYSE: MUX) low of $2.24. McEwen Mining issued an update on its El Gallo Complex in Sinaloa State, Mexico. In addition to a high-grade deposit, McEwen noted wide intersections of low-grade gold.
- Patriot Coal Corporation (NYSE: PCX) low of $3.89. Patriot getting absolutely slammed after issuing an update for fiscal 2012 and 2013. Basically, Patriot sees prices dropping from $142 per ton down to $122 per ton in 2013 and also said met coals may under perform on a possible customer default.
Patriot shares fell nearly 20 percent to the new mark.
- Alpha Natural Resources, Inc. (NYSE: ANR) low of $. Alpha Natural is also lower following the Patriot outlook.
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